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How's the Real Estate Market, Really?

Sunday, April 27, 2014

Name:  2013 Year End Wake County Housing Market Update

 

Wow!  Real Estate in the Triangle continues to be a buzz word and we are certainly enjoying the buzz here in Southwestern Wake County as well.  Our 2013 market finished strong with most areas showing 6 months or less of inventory.  I know here, at Front Porch Realty, we did not experience the usual “halt to real estate” over the holidays as in years past.

With a 13% increase in sales from 2012, Front Porch Realty is poised to sell some real estate!  In response to this increasing demand, we have added two new brokers to our team – one at each of our offices in Cary and Fuquay Varina.  We have also added a Luxury division with our Fine Homes by Front Porch branding.  Front Porch Realty will continue to market and provide excellent representation to our clients at all price points, with added specialty services for our luxury properties.

All of our markets are still showing a crossover to more of a seller’s or balanced market.  The year-end report shows at least a 20% increase of homes SOLD for almost the entire area. In addition, average sales price and price per square foot have gone up and days on market have all gone down.  It’s a great time to make a move!

Filed under: Miscellaneous